SHRI VENKATESH REFINERIES Share price

The Company was originally incorporated as “Shri Venkatesh Refineries Private Limited” under the provisions of the Companies Act 1956 vide Certificate of Incorporation dated February 28 2003 issued by the Registrar of Companies Maharashtra Mumbai bearing Registration no. 139397. Subsequently the Company was converted into a public limited company pursuant to a Shareholders' Resolution passed at the Extra-Ordinary General meeting of the Company held on December 10 2020 and the name of the Company was changed to “Shri Venkatesh Refineries Limited” vide a fresh certificate of incorporation dated December 30 2020 bearing CIN: U15140MH2003PLC139397 issued by the Registrar of Companies Maharashtra Mumbai.Mr. Dinesh Ganapati Kabre Mr. Ramesh Ganapati Kabre and Mr. Anil Ganpati Kabre were the initial subscribers to theMemorandum of Association of the Company and as on the date of this draft prospectus Mr. Dinesh Ganapati Kabre Mr. Anil Ganpati Kabre Mr. Shantanu Ramesh Kabre and Mr. Prasad Dinesh Kabre are the Promoters of the Company.The Company is primarily engaged in the business of refining and preservation of Edible oils mainly soyabean oil and cotton seed oil.The business process involves purchase of the raw oil then refining packaging and selling of the edible oil. At present the Company has a refining capacity of almost 36000 tons. Apart from the refining of edible oil we are also engaged in the business of trading of edible oil mainly soyabean oil cotton seed oil and palm oil.Major events and milestones of the Company :2004- Started production at the factory at Erandol2014- Set-up of the Lecithin Plant2018- Installation of the Solar power plant for captive consumption2019- Increase in the installed capacity from 17310 Tons to 36000 Tons for refining edible oil2020- Started trading of Sunflower oil